Eagle Bancorp (NASDAQ:EGBN) Stock: Insider Stephen Russell Curley Buys 4,393 Shares

Eagle Bancorp, Inc. (NASDAQ:EGBN) CEO Stephen Russell Curley bought 4,393 shares of the firm’s stock in a transaction that occurred on Tuesday, November 10th. The stock was purchased at an average price of $34.05 per share, with a total value of $149,581.65. Following the completion of the purchase, the chief executive officer owned 54,682 shares in the company, valued at approximately $1,861,922.10. This trade represents a 8.74% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Eagle Bancorp Stock Performance

NASDAQ EGBN traded down $0.03 during mid-day trading on Thursday, reaching $34.27. 195,198 shares of the stock were exchanged, compared to its average volume of 330,682. The business’s 50 day moving average is $29.76 and its 200-day moving average is $27.48. Eagle Bancorp, Inc. has a 1 year low of $15.58 and a 1 year high of $35.05. The company has a market capitalization of $1.04 billion, a P/E ratio of 19.58 and a beta of 0.97. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.87 and a current ratio of 0.87.

Eagle Bancorp (NASDAQ:EGBN) last released its quarterly earnings data on Wednesday, October 21st. The financial services provider reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.45. The company had revenue of $70.87 million during the quarter, compared to analysts’ expectations of $71.78 million. Eagle Bancorp had a net margin of 9.30% and a return on equity of 4.66%. On average, equities research analysts forecast that Eagle Bancorp, Inc. will post 1.84 EPS for the current fiscal year.

Eagle Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 17th. Stockholders of record on Friday, November 6th will be given a dividend of $0.01 per share. The ex-dividend date is Friday, November 6th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.1%. Eagle Bancorp’s dividend payout ratio (DPR) is 2.29%.

Analysts Set New Price Targets

EGBN has been the subject of a number of analyst reports. Hovde Group started coverage on Eagle Bancorp in a report on Wednesday, October 7th. They issued an “outperform” rating and a $37.00 price target for the company. Zacks Research raised Eagle Bancorp from a “strong sell” rating to a “hold” rating in a report on Thursday, August 27th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Eagle Bancorp in a research report on Wednesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $31.00.

Hedge Funds Weigh In On Eagle Bancorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EGBN. Parallel Advisors LLC grew its position in shares of Eagle Bancorp by 502.7% in the third quarter. Parallel Advisors LLC now owns 1,326 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 1,106 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of Eagle Bancorp during the 2nd quarter worth about $39,000. Cassaday & Co Wealth Management LLC acquired a new position in shares of Eagle Bancorp during the 1st quarter worth about $37,000. Fortitude Family Office LLC raised its position in shares of Eagle Bancorp by 2,280.6% during the 3rd quarter. Fortitude Family Office LLC now owns 1,714 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 1,642 shares during the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new position in Eagle Bancorp in the 2nd quarter valued at about $62,000. 78.03% of the stock is owned by hedge funds and other institutional investors.

Eagle Bancorp Company Profile

Eagle Bancorp, Inc. is the bank holding company for EagleBank, a community bank headquartered in Bethesda, Maryland. Founded in 1998, EagleBank serves businesses, organizations and individuals in the Washington, D.C., metropolitan area, including parts of Maryland and Northern Virginia. The company provides commercial and consumer banking services, including business and commercial real estate lending, deposit accounts, cash management and other treasury services. EagleBank also offers banking and lending products to individuals and nonprofit organizations.